CanAlaska Uranium Strikes Ultra High-Grade Deposit at West McArthur Project

CanAlaska Uranium Ltd. (TSXV: CVV, OTCQX: CVVUF, FSE: DH7) has announced exceptional results from its ongoing winter drilling program at the Pike Zone on its West McArthur Joint Venture Project in Saskatchewan’s Athabasca Basin. The company’s latest findings include an impressive intersection of 14.5 meters at 12.20% eU3O8, with a high-grade core of 5.0 meters at 34.38% eU3O8.

This discovery, made in drillhole WMA076-01, extends the ultra high-grade footprint of the Pike Zone by at least 15 meters to the east, with mineralization remaining open on strike. The intersection represents the best uranium mineralization encountered to date on the project, drawing comparisons to the nearby McArthur River tier 1 uranium deposit owned by Cameco and Orano.

CanAlaska CEO Cory Belyk expressed enthusiasm about the results, stating, “The style and grade of uranium mineralization we are encountering at Pike Zone continues to be very reminiscent of the nearby giant McArthur River tier 1 uranium deposit.”

The 2025 winter exploration program at West McArthur involves three active drills focusing on expanding and delineating the Pike Zone discovery. Located 20 km west of Cameco’s McArthur River mine site, the project has shown promising results in multiple drill holes:

– WMA094-04 intersected 4.9 meters at 3.04% eU3O8, including 1.5 meters at 8.87% eU3O8
– WMA082-16 yielded 4.2 meters at 1.81% eU3O8, including 0.9 meters at 5.54% eU3O8

CanAlaska, which holds an 85.97% ownership in the project, is sole-funding the 2025 program and is set to increase its majority stake further. The company is employing advanced drilling techniques, including downhole mud-motor deviation technology, to optimize target intersections and reduce costs.

The ongoing winter program aims to complete approximately 25 unconformity target intersections before concluding in April. With the uranium sector gaining attention due to global energy concerns, CanAlaska’s high-grade discoveries position the company as a potentially significant player in future uranium supply. The Company advised that while these results are promising, mineral exploration and development carry inherent risks. The true economic viability of the deposit will depend on further delineation, feasibility studies, and market conditions for uranium.

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